Ether Price Rallied 120% the Last Time Staking Queue Flipped Exit Queue
Cointelegraph
The ETH staking entry queue surpassing the exit queue historically precedes major price rallies, potentially targeting $5,000.Summary
The amount of Ether (ETH) queued for staking has exceeded the amount waiting to be unstaked for the first time in six months, an event that has historically preceded significant price rallies. The entry queue reached 745,619 ETH ($2.2 billion), surpassing the exit queue of 360,528 ETH ($1.06 billion). This flip suggests validators are holding their ETH, reducing sell-side pressure. Previous instances in March and June preceded rallies of 90% and 126%, respectively. Technically, ETH's current price action mirrors a 2024 setup where breaking above $2,750 led to a 74.5% rise. If history repeats, ETH could climb toward $5,120, with $2,750 being the key level to watch.
(Source：Cointelegraph)